He said that this led to Greeks increasingly looking to London to store their money. "Now it’s not Switzerland [that is] the first destination. The first destination is always London," he told The Independent.

Banks have come under pressure to change their auditors more frequently to keep accountants on their toes after lenders, some of whom have used the same auditor for over a century, were given a clean bill of health just before they were rescued in the 200

Italian prime minister Enrico Letta pledged to "fight relentlessly" against tax evasion in the recession-hit country, as the government pushed new growth measures through the lower house of parliament.